The stock of Westar Energy Inc (NYSE:WR) hit a new 52-week high and has $96.10 target or 68.00% above today’s $57.20 share price. The 6 months bullish chart indicates low risk for the $8.15 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $96.10 price target is reached, the company will be worth $5.54B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 59,888 shares traded hands. Westar Energy Inc (NYSE:WR) has risen 22.13% since March 14, 2016 and is uptrending. It has outperformed by 16.52% the S&P500.
Analysts await Westar Energy Inc (NYSE:WR) to report earnings on November, 1. They expect $1.10 EPS, up 13.40% or $0.13 from last year’s $0.97 per share. WR’s profit will be $156.73 million for 13.00 P/E if the $1.10 EPS becomes a reality. After $0.51 actual EPS reported by Westar Energy Inc for the previous quarter, Wall Street now forecasts 115.69% EPS growth.
Westar Energy Inc (NYSE:WR) Ratings Coverage
Out of 7 analysts covering Westar Energy (NYSE:WR), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. $60 is the highest target while $39 is the lowest. The $49 average target is -14.34% below today’s ($57.2) stock price. Westar Energy has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, February 26 by Wells Fargo. The rating was downgraded by Mizuho on Wednesday, June 1 to “Neutral”. The firm has “Buy” rating by Argus Research given on Tuesday, October 13. JP Morgan maintained Westar Energy Inc (NYSE:WR) on Friday, March 11 with “Neutral” rating. UBS maintained it with “Neutral” rating and $39 target price in Thursday, October 8 report. The firm has “Hold” rating by Gabelli given on Wednesday, June 1. UBS maintained the stock with “Neutral” rating in Monday, January 25 report. Barclays Capital maintained Westar Energy Inc (NYSE:WR) rating on Thursday, June 2. Barclays Capital has “Equalweight” rating and $60 price target. On Friday, November 6 the stock rating was upgraded by JP Morgan to “Neutral”. Mizuho initiated the shares of WR in a report on Monday, March 14 with “Buy” rating.
According to Zacks Investment Research, “Westar Energy, Inc. is Kansas’ largest electric utility. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. They are a leader in electric transmission in Kansas. Their innovative customer service programs include mobile-enabled customer care, digital meters and paving the way for electric vehicle adoption.”
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.12, from 1.07 in 2016Q1. The ratio is positive, as 53 funds sold all Westar Energy Inc shares owned while 106 reduced positions. 89 funds bought stakes while 101 increased positions. They now own 95.36 million shares or 2.66% less from 97.96 million shares in 2016Q1.
Brown Advisory holds 0% or 4,190 shares in its portfolio. California State Teachers Retirement owns 307,953 shares or 0.04% of their US portfolio. Sei Invs, a Pennsylvania-based fund reported 61,445 shares. Albion Gp Ut holds 41,610 shares or 0.42% of its portfolio. Moreover, Ahl Prtn Llp has 0.15% invested in Westar Energy Inc (NYSE:WR) for 49,591 shares. Driehaus Cap Mgmt Ltd Liability Com owns 760,861 shares or 1.52% of their US portfolio. Weiss Multi accumulated 0.11% or 25,403 shares. Commerce Savings Bank owns 69,817 shares or 0.06% of their US portfolio. Lpl accumulated 19,660 shares or 0.01% of the stock. Glenmede Trust Na reported 112 shares or 0% of all its holdings. Assetmark holds 887 shares or 0% of its portfolio. Sphinx Trading Ltd Partnership reported 1,500 shares or 0.17% of all its holdings. Kbc Grp Incorporated Nv owns 11,249 shares or 0.01% of their US portfolio. Duff And Phelps Invest accumulated 2.16% or 2.57M shares. Verition Fund Mgmt Limited Liability holds 0.16% of its portfolio in Westar Energy Inc (NYSE:WR) for 22,086 shares.
More notable recent Westar Energy Inc (NYSE:WR) news were published by: Wsj.com which released: “Great Plains Energy to Buy Westar Energy for $8.6 Billion” on May 31, 2016, also Bloomberg.com with their article: “Utility Westar Energy Said to Mull Options Including Sale” published on March 10, 2016, Zacks.com published: “Westar Energy (WR) Hits 52-Week High on Merger Approval” on October 17, 2016. More interesting news about Westar Energy Inc (NYSE:WR) were released by: Forbes.com and their article: “Westar Energy Stock Getting Very Oversold” published on August 03, 2016 as well as Businesswire.com‘s news article titled: “Great Plains Energy and Westar Energy Shareholders Approve Merger Related …” with publication date: September 26, 2016.
WR Company Profile
Westar Energy, Inc. (Westar Energy), incorporated on March 6, 1924, is an electric utility in Kansas. The Firm provides electric generation, transmission and distribution services to approximately 700,000 clients in Kansas. The Firm provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Firm supplies electric energy at retail to clients in Kansas. The Firm also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Firm classifies it clients as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service.
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